Silver as an investment

Category Archives: Alibaba Group

Need A Jumbo Jet? China’s E-bay Can Help You With That…

In a first for not just China, but the entire world, Alibaba’s online auction website, Taobao, has successfully auctioned off two Boeing 747-400 jumbo jets for a combined $49 million.  The jets were bought by Chinese cargo airline SF Airlines after they were seized by courts during Jade Cargo’s bankruptcy proceedings in 2013.  According to […]

Tencent Overtakes Facebook As Hong Kong Stocks Flash-Smash Overnight

Hang Seng futures exploded over 5% higher as after hours trading began last night, then crashed back to unchanged as the underlying cash index hit its highest since Nov 2007 on the heels of a surge to new record highs for Chinese tech giant Tencent – which is now larger than Facebook by market cap. […]

Chinese Singles’ Day Eats Cyber Monday For Breakfast

As online retailers in the United States prepare for Cyber Monday, i.e. the biggest online shopping day of the year, China’s largest e-commerce company just recorded the biggest day in its history. As Statista's Felix Richter notes, on November 11, Chinese Singles’ Day, online shoppers bought merchandise worth more than $25 billion across Alibaba’s platforms (mainly […]

Alibaba’s Bigger Than Amazon (Again)

For the first time since June 2015, Alibaba is now bigger (in market cap) than Amazon.com… As Bloomberg notes, after 831 days, Alibaba Group Holding Ltd. has regained the title of the world’s biggest e-commerce company. The Chinese retailer surpassed Amazon.com Inc. Tuesday as the U.S. retail giant’s stock continued to stall after second-quarter earnings missed estimates […]

Amazon isn’t the No. 1 villain in retail sector’s demise

Retail stocks have been annihilated recently, despite the economy eking out growth. The fundamentals of the retail business look horrible: Sales are stagnating and profitability is getting worse with every passing quarter. Jeff Bezos and Amazon get most of the credit, but this credit is misplaced. Today, online sales represent only 8.5 percent of total […]

Two Blondes, Two Fates

From the Slope of Hope: Earlier this week, my son asked me a sincere question: “How come Marissa Mayer got $200 million by screwing up Yahoo?” It was a good question, and one I had trouble answering at first, because I’d like him to think that there’s some level of fairness, meritocracy, and sensibility to this world of ours. […]

Alibaba’s Jack Ma Sees “Decades Of Pain Ahead” Thanks To Internet Disruption

'Adapt or die miserable' appears to be the message from Chinese billionaire Jack Ma. The Alibaba founder warned that people should prepare for decades of social upheaval and pain as the internet disrupts the global economy. “In the next 30 years, the world’s pain will be much greater than its happiness,” Ma said at an […]

A New Trend Emerges – Digital Gold “Gifting” Gains Popularity In China

Authored by Mike Krieger via Liberty Blitzkrieg blog, I rarely write about gold these days, but the following from Reuters caught my attention. BEIJING/SHANGHAI, March 7, China’s virtual gifting market, typically the domain of plugged-in young consumers celebrating special occasions or flirting, is luring major financial institutions keen to boost trade of another auspicious commodity: […]

Verizon Revises Yahoo Deal After Data Breaches, Cuts Purchase Price By $350 Million

While Verizon has decided not to back away from its high profile purchase of Yahoo, after the internet portal reported two massive data breaches following the deal announcement, the WSJ reports that The companies have agreed to revise the $4.83 billion deal, cutting as much as $350 million off the price and evenly splitting costs […]

“When Trade Stops, War Starts” Jack Ma Warns As China Protests US Sanctions On Iran

Having recently accused the US of 'wasting $14 trillion on war instead of its people', China's second richest man, Jack Ma, continued to voice his concerns to President Trump on a recent trip to Australia, warning retreat from globalization will only result in trouble. While meeting US President Donald Trump last month, Ma announced Alibaba […]